Digital Reasoning Adds Cristóbal Conde
September 6, 2012
Digital Reasoning, the leader in unstructured data analytics at scale, has announced that is has added former SunGard’s president and chief executive officer, Cristóbal Conde to the company’s Board of Directors. As a director, Mr. Conde will advise the company as it expands from serving the government and U.S. intelligence agencies and enters the financial services market.
Mr. Conde said:
I was looking to support the right company in the unstructured data space. So, after months of research and getting to know the company and its senior leaders through FinTech, I decided to join Digital Reasoning’s board. I’ve been in information technology since the late ’70s when you had to build your own database manager. When companies like Sybase and Oracle developed commercial database managers – they made sense of structured data and allowed thousands of applications to be built on top. There is a pressing need to do something similar in unstructured data, and I believe Digital Reasoning is the company best positioned to do this.
Tim Estes, CEO of Digital Reasoning, told Beyond Search:
We are very pleased to have Mr. Conde join our Board of Directors. As an industry leader in Financial Technology and a CEO of a global Fortune 500 software and services company he brings an incredible amount of experience in the financial services and technology markets. His vision, integrity, and drive to improve the world around him also deeply aligns with our company’s values and mission. So, as we write the next chapter of our company, he will be a vital part of our team in building the industry leader in automating understanding of unstructured data for the enterprise.
Mr. Conde stepped down as SunGard’s president and chief executive officer in May 2011, a post he had held since 2002. Previously, he headed up SunGard’s Trading Systems division, which he started in 1990. At the time of his departure, SunGard had revenues of $5.6 Billion, employed 26,000, was ranked 380 on the Fortune 500 list.
Mr. Conde is also a senior advisor to TPG Capital, Providence Equity Partners and the Executive Chairman of True Office. He serves on the boards of Massachusetts Mutual Life Insurance Company (MassMutual), the College of Mount Saint Vincent, and Business Executives for National Security (BENS). He is a partner at the Partnership for New York City, a member of the Centennial Society of The Economic Club of New York, and a member of the World Business Council for Sustainable Development (WBCSD).
Digital Reasoning has developed Synthesys®, a platform for making sense of unstructured data. Modeled after the human understanding process, Synthesys reads, resolves and reasons across hundreds of millions of documents to automatically understand and isolate critical information such as risks, opportunities and anomalies. Having solved problems for US intelligence agencies for the past decade, Synthesys is now delivering Automated Understanding for big data challenges in finance, healthcare and legal markets. Digital Reasoning is based in Franklin, Tennessee, with offices in Washington, D.C., and New York. For more information, go to www.digitalreasoning.com.
Stephen E Arnold, September 6, 2012
Sponsored by Augmentext